State debt for nine months grew by 27%

30 October, 2020 г.
The national debt of Belarus as of October 1, 2020 amounted to Br56.9 billion, having increased by Br12.1 billion, or 27%, compared to the beginning of the year, reports the Ministry of Finance.
External public debt as of October 1, 2020 amounted to $ 17.6 billion, having increased from the beginning of the year by $ 0.4 billion (including exchange rate differences), or 2.6%.
In January-September 2020, external state borrowings for the amount equivalent to 1.964 billion dollars were raised:
1391.5 million dollars - bonds placed on foreign markets;
432.2 million dollars - the Russian government and banks;
$81.8 million - of the Export-Import Bank of China;
$50.9 million - International Bank for Reconstruction and Development;
USD 7.7 million - EBRD.
At the end of nine months the repayment of external public debt amounted to $1.323 billion:
587,6 million dollars - to the government and banks of Russia;
$390.7 million - to the banks of China;
USD 264.8 million - EFSR;
$76.7 million - IBRD;
2.8 million US dollars - EBRD and SIS;
$0.7 million - US Commodity and Credit Corporation.
As of October 1, 2020 the domestic public debt amounted to 10.5 billion rubles, having increased from the beginning of the year by 1.7 billion rubles (including exchange rate differences), or by 20%.
In January-September, domestic currency government bonds were placed for legal entities and individuals in the amount equivalent to $294.4 million and 300 million rubles. Government bonds in foreign currency and ruble for legal entities and individuals in the amount equivalent to $469.5 million and RUB 161.2 million were redeemed.
We would like to remind you that in 2020 the costs of government debt repayment will amount to 5.977 billion rubles, including external government debt - 3.741 billion rubles, internal - 2.236 billion rubles. At that, $2.586 billion, or 97.1% of the total amount, will have to be repaid in foreign currency. The situation is complicated by a 26.6% devaluation of the ruble against the dollar since the beginning of the year - in August, the ruble repeatedly updated historical lows.
Traditionally, most of the amount is planned to be refinanced. To this end, in 2020 it is planned to carry out unrelated borrowing for a total of 1.950 billion dollars (4.377 billion rubles) by placing government bonds on foreign (1.350 billion dollars) and domestic (600 million dollars) markets. In particular, in October Belarus received $500 million from the EFSR.

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